Post #15959 by hclasvegas on the Berkshire Hathaway board

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" Oh, I'm pretty sure that private equity gives you value for your high fees. The thing you get in return is heavily smoothed, occasionally fake, almost never dropping, prices. With public markets you see the true mark-to-market price of things, and nobody wants that. Not institutional investors, that's for sure.

Jim"

every now and then we agree which is a beautiful thing!

ucmtsu,no way.

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